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Eurjpyanalysis

Long Position on EURJPY-4HHello Traders ! This is a technical view on EURJPY , we're looking to taking a long position on EJ in the next few hours. For the following reasons: After the last big rally on EJ, the price was stuck in between levels: 134.00 Support & 140.00 Resistance, then we saw a fake break down at 134.00 Support as is shown in the Weekly Time-frame. It's close with that strong support. Also, we had a retest last week at the same level of Support and started pushing to the upside, as the price pushing to up side the market has created a fresh demand area at 135.50 & 135.20 of Daily Support. As a result, it gives us another opportunity to ride with the market to continue its move upwards targeting a resistance level at 138.50, which has never been tested yet. We expect that move to happen in a few days, maybe by the end of this current month. TRADE CAUTIOUSLY..
Long
by aymanjemghili
EUR/JPY Long Trade UpdateHey Guys! The current eur/jpy weekly bias is long. Or in other words, price is likely to reach 139.98 before reaching 124.34 The long entry I was mentioning last week was triggered, however I need a pullback to the 136.00 levels for a long entry due to overall risk managment. In this post, I explain how I will be trading this set up, as well as how I will be managing this long trade if entered. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0740 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - EURJPY PRICE can be DOWN to 138.203 LEVEL before DOWN. Then you can DOWN to 133.770 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
SHORT EURJPYStill Short EURJPY at 136.30, Just zooming in on the chart a bit to give a better idea of what we are seeing. EJ is back below the 136.31 Fibbo resistance as well as below the downward trend line which sits ust above that fibbo lvl. We saw it test both of these levels briefly and is now back below suggesting that the top is in place for now. The support comes at 135.50 is lvl (upward trend line of the triangle, and if we break that, we can see a move to 135 and possibly even to 134.
Short
by WhosPipsAreTheseAnyway
Long Position on EURJPY-4HHello Traders ! This is a technical view on EURJPY, we're looking for taking a long positions on EJ next days; for the following reasons: We've a bullish trend with currently doing a correction that taking 4 months, and the last month the candle before closed it rejected from 128.00 support level since March 21, Now we're in the same levels of support that looks clearly on Weekly, we've a bullish pattern that's printing now (Head & Shoulders), Currently the price goes back into the weekly support at 128.70 level; after that we expect the price rise up & continuing rising to higher levels. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TRADE CAUTIOUSLY..
Long
by aymanjemghili
Long Position on EURJPY-4HHello Traders ! This is a technical view on EURJPY , we're looking for taking a long positions on EJ next days; for the following reasons: We've a bullish trend with currently doing a correction that taking 4 months, and the last month the candle before closed it rejected from 128.00 support level since March 21, Now we're in the same levels of support that looks clearly on Weekly. Currently the price goes back into the Monthly support at 128.00 level; after that we expect the price rise up & continuing rising to higher levels. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TRADE CAUTIOUSLY..
Long
by aymanjemghili
Outlook on EURJPY: Bearish play seenOn the monthly time frame, prices are testing a key resistance level at 136.80 where we could see further downside below this level. On the H4 time frame, prices are currently testing a key resistance zone in line with the 76.4% Fibonacci retracement, descending trend line and 78.6% Fibonacci extension. A break below the M15 demand zone at 136.00, would provide the bearish confirmation for a further drop to our support target at 134.00. Stochastic is seeing a bearish divergence and testing resistance at 98.30 as well, supporting the bearish bias.
Short
by shermzT
SELL EJ FOR 900 PIPS, MARKET CRUSH!!!From the day timeframe, we can see a perfect head and shoulder from the legs of 7th March, 2022. head got cupped at 138.31/136.78 (not expecting a buy into any of the listed zones above). A sell into 130.100, other way round a possible sell into 125.58/124.40 to complete the second leg! * Price bounce at 133.210 has been completed. Hence it now serves as a breakout price point of sell for EJ!!! --- From the 2H TF, descending triangle formed with a prefect entry. waiting for it to be completed at 125.60 Hence, we're shorting EJ to a RR of 1:7.4, perfect risk to reward ratio! NB: red box--rejection zone blue box--breakout zone yelow box: demand/supply zone
Short
by DAdepa
2
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0473 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - EURJPY PRICE can be DOWN to 133.770 LEVEL before UP. Then you can UP to 137.906 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
EURJPY | Perspective for the new week | Follow-up detailsThis is a follow up detail on the publication I made on this pair during the weekend. So, with the current structure projecting multiple rejection by buyers right above our key level at 137; I think it is most appropriate that we start preparing to take on a potential bullish move so we do not get caught unawares when it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry